Exxon Mobil (NYSE:XOM) Trading Down 4% After Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM) shares were down 4% on Thursday after Mizuho lowered their price target on the stock from $131.00 to $129.00. Mizuho currently has a neutral rating on the stock. Exxon Mobil traded as low as $113.40 and last traded at $113.96. Approximately 6,232,076 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 15,660,658 shares. The stock had previously closed at $118.67.

Several other research firms have also commented on XOM. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.80.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Quent Capital LLC grew its holdings in shares of Exxon Mobil by 12.1% in the 1st quarter. Quent Capital LLC now owns 14,527 shares of the oil and gas company’s stock worth $1,728,000 after acquiring an additional 1,563 shares during the last quarter. Moody National Bank Trust Division raised its holdings in Exxon Mobil by 3.8% during the 1st quarter. Moody National Bank Trust Division now owns 86,115 shares of the oil and gas company’s stock worth $10,242,000 after buying an additional 3,114 shares during the period. jvl associates llc purchased a new stake in Exxon Mobil during the first quarter valued at about $211,000. Insight Wealth Strategies LLC boosted its holdings in shares of Exxon Mobil by 1.2% in the first quarter. Insight Wealth Strategies LLC now owns 15,901 shares of the oil and gas company’s stock worth $1,891,000 after buying an additional 189 shares during the period. Finally, Lederer & Associates Investment Counsel CA increased its position in shares of Exxon Mobil by 13.2% in the first quarter. Lederer & Associates Investment Counsel CA now owns 10,241 shares of the oil and gas company’s stock worth $1,218,000 after acquiring an additional 1,194 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $452.01 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The stock’s fifty day moving average price is $111.16 and its 200-day moving average price is $113.81.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company earned $2.48 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil’s payout ratio is presently 50.51%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.